India’s evolving AI landscape and key policy innovations

Projections indicate that India’s AI market is anticipated to surge at a pace of 25-35% CAGR, up to 2027, with considerable uptake in key sectors such as healthcare, agriculture, education, and governance. BFSI, Retail, and Healthcare emerged as the frontrunners in AI adoption levels as follows: BFSI-35%, Retail-30%, and Healthcare-28%. Compared to global leaders such as the United States (AI adoption-50%) and China (AI adoption-45%), India is promising but is still at a developing stage. However, AI spending in the region is expected to witness a whopping change wherein Asia-Pacific will account for up to $90.7 billion by 2027, including India.